OOTW: PLEASE HAVE A LOOK AT THE LINK - WE'RE FINALLY SEEING PROGRESS REGARDING LAWS...THIS THIRD READING PASSED THIS JULY...NOW WE AWAIT THE UPLOAD TO THE GAZETTE

OOTW: HERE ARE SOME OF MY COMMENTS FROM THE THREAD: HOWEVER, I IMPLORE YOU TO READ THE THREAD, IT'S IMPORTANT IMHO

OOTW: SO, WHAT THE INITIAL / HEADER-ARTICLE IS SAYING, IS THAT THIS EXISTING OR "OLD" LAW FROM 1989, NEEDS TO BE UPDATED TO INCORPORATE NEWER REGULATIONS FOR "OUTSIDE OF IRAQ" OR INTERNATIONAL COMPANIES TO PERFORM BUSINESS IN THE PRIVATE SECTOR –
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YOU WILL SEE ABOVE, I POSTED THE "OUTLINE" OF THIS NEWLY PASSED AMENDMENT FOR THIS LAW FROM THE PARLIAMENT SITE... UNTIL THIS PASSED AMENDMENT IS UPLOADED - APPENDED INTO THE EXISTING LAW, WE WILL NOT BE ABLE TO SEE, WHAT, IF ANY, ADDRESSING OF THESE REQUIREMENTS ARE MET...WE WAIT. BUT....AN AMENDMENT HAS BEEN PASSED, AND AS THE VERBIAGE IN THE OUTLINE FOR THIS AMENDMENT STATES, IT'S INTENDED FOR INTERNATIONAL AND INTER-ARAB COUNTRIES. HOPING THIS AMENDMENT IS WHAT THE ARTICLE STATES IS NEEDED. WE'LL SEE. AND....WE'LL SEE IF THIS ARTICLE IS TRUE OR NOT, OR IS JUST ANOTHER "PRESS OPINION". I FEEL VERY GOOD ABOUT THIS. Donnie: SWEET " Third, the company's right to participate with the Iraqi, Arab and foreign companies sober for the implementation of the objectives of the relevant company within Iraq " OOTW: EXACTLY DONNIE AND TY SO VERY MUCH OOTW: RECAPS PLEASE USE THIS ONE..LOL OOTW: SO, WHAT THE INITIAL / HEADER-ARTICLE IS SAYING, IS THAT THIS EXISTING OR "OLD" LAW FROM 1989, NEEDS TO BE UPDATED TO INCORPORATE NEWER REGULATIONS FOR "OUTSIDE OF IRAQ" OR INTERNATIONAL COMPANIES TO PERFORM BUSINESS IN IRAQ'S PRIVATE SECTOR – YOU WILL SEE ABOVE, I POSTED THE "OUTLINE" OF THIS NEWLY PASSED AMENDMENT FOR THIS LAW FROM THE PARLIAMENT SITE... UNTIL THIS PASSED AMENDMENT IS UPLOADED - APPENDED INTO THE EXISTING LAW, WE WILL NOT BE ABLE TO SEE, WHAT, IF ANY, ADDRESSING OF THESE REQUIREMENTS ARE MET...WE WAIT. BUT....AN AMENDMENT HAS BEEN PASSED, AND AS THE VERBIAGE IN THE OUTLINE FOR THIS AMENDMENT STATES, IT'S INTENDED TO REGULATE INTERNATIONAL AND INTER-ARAB COMPANY'S BUSINESS DEALINGS IN IRAQ - THE AMENDMENT HAS BEEN PASSED. HOPING THIS AMENDMENT IS WHAT THE ARTICLE STATES IS NEEDED. WE'LL SEE. AND....WE'LL SEE IF THIS ARTICLE IS TRUE OR NOT, OR IS JUST ANOTHER "PRESS OPINION". WE NEEDED TO SEE THIS TO LEND FURTHER LEGISLATIVE SUPPORT TO COMPANIES DOING BUSINESS IN IRAQ...WONDERFUL NEWS. I FEEL VERY GOOD ABOUT THIS. OOTW: THANK YOU sczin11: ‹@OOTW› TOO FUNNY GIRL sczin11: :) OOTW: THANKS RECAPS..LOVE YA Donnie: BRICS Bank’s 1st loan to be issued in yuan Donnie: The BRICS New Development Bank will name its first investment in April next year and the first loan will be issued in yuan not dollar, top officials confirmed. The first president of the Bank, Kundapur Vaman Kamath said in Shanghai that the new lender will work closely with the China-led Asian Infrastructure Investment Bank. “We have partnerships that we will forge with the AIIB, the national loan banks and indeed, the exiting market loan banks,” he said. The NDB with about $50 billion in capital to invest in public infrastructure will compete with institutions where the US has considerably more influence—organizations such as the World Bank and the International Monetary Fund. Kamath, who has been nominated by India to head the bank, also said the first investment will be made in the Chinese currency. This would aid China’s attempts to diminish the dollar’s dominance in global trade and finance. China is also pushing for the International Monetary Fund to endorse the Chinese yuan as a global reserve currency alongside the dollar and euro. The bank has an initial authorized capital of $100 billion. Its initial subscribed capital of $50 billion will be equally shared among the founding members. The paid-in reserves are planned to be denominated in each country’s currency. The Chinese renmimbi is also expected to replace the dollar at the BRICS Bank, especially for projects in Asia. As agreed by the five countries, the first chair of the board of governors has been nominated by Russia, the first chair of the board of directors by Brazil, and the first president by India. An African regional center of the bank will be based in Johannesburg, South Africa. BRICS leaders Vladimir Putin, Xi Jinping, Jacob Zuma, Narendra Modi and Dilma Rousseff met earlier this month in the Russian city of Ufa for the 7th BRICS Summit. The BRICS central bank governors in Ufa also signed an operating agreement on the $100 billion BRICS monetary fund that will come into force on 30 July. Donnie: thebricspost.com/brics-ba...http://thebricspost.com/brics-banks-1st-loan-to-be-issued-in-yuan/#.VbWP5PlVhBe OOTW: THANKS DONNIE POSTING NOW [09:18:09 PM] OOTW: FROM KEYWORDS: "Revision of the state budget structure and presentation" wealthwatch.world/showthr... http://wealthwatch.world/showthread.php?tid=1339 OOTW: KEYWORDS OUTLINES THE BUDGET MONIES AND HOW THEY'LL BE SPENT IN ACCORD WITH THE 2015 BUDGET - I'VE NEVER SEEN A PRESS RELEASE LIKE THIS BEFORE FROM THE CBI - THEY MEAN BUSINESS BOBBY: So....... would you say that the ball is rolling, so to speak, now that there back from break? OOTW: ABSOLUTELY BOBBY OOTW: I REALLY NEED TO ANALYZE THIS PRESS RELEASE FROM THE CBI OOTW: IT'LL TAKE SOME TIME Dianne777: ‹@OOTW› rv SOON? Dianne777: lol OOTW: LMAO OOTW: OH, YOU GOT ME DIANNE Dianne777: ‹@OOTW› i dont understand much, but business, no monkey biz now lol OOTW: LOL BOBBY: next few weeks should be interesting. .. one way or the other BOBBY: OOTW... have a question when you have time please OOTW: SURE HON OOTW: SHOOT OOTW: LOL BOBBY: in your opinion. .... what do you see/ believe has to be done for an rv to even have a chance of bcoming reality? OOTW: MY PERSONAL FEELING IS , THE CLOSER WE GET TO 2016 AND IRAQ'S WTO CONSULTATION, THE BETTER WE'LL BE LIKELY TO SEE SOME KIND OF MOVEMENT IN THE VALUE OOTW: BUT.. OOTW: THEY'RE UNDER A LOT PRESSURE OOTW: AND MORE AND MORE DA'ASH IS ELIMINATED FROM THE COUNTRY, WITH EACH PASSING DAY OOTW: *ARE OOTW: REMEMBER THAT FACTA LEGISLATION HAS TO BE PASSED BY SEPT 2015 BOBBY: what about laws, amnesty, etc. OOTW: AND THE CBI IS WORKING NOW TO HIRE SOMEONE TO INSTALL AND MANAGE THEIR XBRL SYSTEM - BUSINESS BANKING CODING/LANGUAGE FOR TRANSACTIONS OOTW: THIS MAKES THEM "VISIBLE" - TO HELP SHOW THEY'RE ADDRESSING CORRUPTION IN TRANSACTIONS..THIS IS WHAT THE IMF WANTS OOTW: ALONG WITH SWIFT OOTW: WHICH THEY ALREADY USE OOTW: THERE'S MANY LAWS GOING..RIGHT NOW, I'M PAYING PARTICULAR ATTENTION TO THE ISLAMIC BANKING LAWS OOTW: FOR INDIVIDUALS AND THE GOVERNMENT OOTW: AND BUSINESSES BOBBY: in your thoughts,,, whats lacking? OOTW: THEY HAVE A WAYS TO GO, BUT REMEMBER WE'RE ONLY FOUR MONTHS AWAY FROM THE BEGINNING OF THE YEAR OOTW: WELL THAT'S A LONG LIST BOBBY - BUT THEY ARE ADDRESSING THESE...DO I THINK THEY HAVE TO HAVE "SOCIAL JUSTICE" LAWS IN ORDER TO CHANGE THE ECONOMY? IT'D BE WONDERFUL, BUT THEY CAN PASS LAWS TO SUPPORT THE ECONOMY WITHOUT THEM OOTW: REMEMBER JOBOURI WAS GIVEN THE GREEN LIGHT BY THE PRESIDENT, MASSUM, TO PASS LAWS AS HE NEEDS TO OOTW: THEY PASSED THE FIRST READING OF THE FEDERAL REVENUE SHARING ACT WITH ONLY 175 MP'S IN ATTENDANCE OOTW: THIS LAW NEEDS TO BE COMPLETED TO ENSURE PAYMENT DISTRIBUTION TO THE PROVINCES, INCLUDING THE KURDS AND PARTNERS WITH THE HCL BOBBY: so I hope i am not reaching here, you believe by the end of the year? OOTW: WE ARE MAKING VERY STRONG PROGRESS BOBBY: I am trying to look at this from a different perspective OOTW: I BELIEVE BETWEEN JANUARY AND APRIL OF 2016 - OF COURSE, THIS DEPENDS ON THE TARIFF'S GOING INTO EFFECT,

AND HOW CAN THEY ADD THAT FINANCIAL BURDEN TO PEOPLE WITHOUT GIVING THEM PURCHASING POWER... SO WE SAW A VIDEO PRESS RELEASE A FEW MONTHS AGO, INDICATING THAT THE 50K NOTE WAS GOING TO BE WORTH 100.00 THAT'S EFFECTIVELY DOUBLE THE VALUE OF THE DINAR, CURRENTLY OOTW: THEY COULD ACTUALLY DO THAT, TO SHOW THE WTO THEY'RE ADDING PURCHASING POWER, AND THEN AS THEY NEAR THEIR MEETING AND THE PRIVATE SECTOR GETS FURTHER ALONG, WE COULD SEE A NOTICEABLE INCREASE AS THEY NEAR THEIR MEETING WITH THE TWO OOTW: WTO OOTW: FOR ME, THIS IS A WORSE CASE SCENARIO OOTW: BUT I PREFER TO PREPARE FOR THE WORST AND HOPE FOR THE BEST OOTW: EVERYONE KNOWS I'M NOT A PUMPER BOBBY: thank you OOTW. ... OOTW: THERE ARE FAULTS WITH MY INTERPRETATION OOTW: FOR EXAMPLE OOTW: IF THEY CAME OUT VERY LOW...DOUBLE THE VALUE OF THE DINAR...I WOULD THINK SPECULATORS WOULD RUN RAMPANT, SCOOPING UP DINAR OOTW: CURRENTLY, IRAQ IS ON A MANAGED REGIME OOTW: THEY COULD COME OUT LOW AND THEN IT COULD BUMP UP NOTICEABLY IN A SHORT AMOUNT OF TIME OOTW: THERE ARE MANY OPTIONS BOBBY: so do you subscribe to the float theory? OOTW: EVERY CURRENCY FLOATS OOTW: THERE ARE MANY "REGIME'S" UNDER WHICH A CURRENCY RISES AND FALLS IN VALUE OOTW: DO I THINK THAT WE'RE SOLELY WATCHING FOR THE PRIVATE SECTOR TO GET KICKING TO DETERMINE A CHANGE IN VALUE TO THE DINAR? OOTW: NO..THERE ARE MANY FACTORS SUPPORTING THE WEALTH OF A CURRENCY OOTW: BUT INVESTORS IN THE COUNTRY WANT TO FEEL GOOD ABOUT THEIR INVESTMENT...SO FOR NOW, I'M LOOKING FOR PRIVATE SECTOR DEVELOPMENT AND FINANCIAL LAWS OOTW: WE'RE SEEING THEM OOTW: I ENCOURAGE YOU TO GO TO THE FORUM AND LOOK AT KEYWORDS PRESS RELEASE AS TO THE FUNDS DISTRIBUTIONS AND AIMS OF THE CBI IN BOOSTING THE ECONOMY OOTW: AS WELL AS THE POST ON THE NATIONAL COMPANIES ACT BOBBY: so would you think the value would increase close to the USD value? Dianne777: so when is their meeting with WTO, I missed that part?

It is time to sit down and do a final check list of all the laws and line items that were needed for the money reform.I think,that as of today we aka Iraq is ready and actually has been.Remember that as of April 22 they RV but opted to do a slow roll out.As of July 22 this was their back wall. From your own observations all the major laws were completed and have become "fine" tuned.It is time to "pull it all together".Just like we have a checklist to prepare for RV ,it would be a lot easier to show everyone exactly where we are.You will see that as of this weekend it is a timing issue and it will be sooner than later.We are in the now.The hashing out of everything has more confusing to most at this point.We all know that there are things that have been done and kept hidden and for good reason.When the time is right,everything will fall right into place.IT IS A PUZZLE THAT IS NOW COMPLETED.sit back and let this "baby" be re-born.